The New York Stock Exchange reverses course, with Nintendo acquiring a game studio and an Indian electronics and lifestyle startup raising $ 100 million. This is your daily crunch for January 5, 2021.
Big story: NYSE won’t destroy Chinese telescope
New York Stock Exchange is Reverting to the recent decision to delist three major telecom operators in China – China Mobile, China Unicom and China Telecom – which was set to be part of a Trump administration policy to block investment in companies supplying and supporting China’s military.
The exchange said the rebound is taking place “in light of further consultation with relevant regulatory authorities”, and that the stock will be traded while NYSE officials evaluate how the executive order applies.
If delisting occurs, it will be largely symbolic, as only a small percentage of Telecom’s total shares are traded in New York.
Nintendo buys Canadian game studio in rare acquisition – Nintendo acquiring Canada-based Next Level Games, which developed Luigi’s Mansion 3.
Jack Ma’s absence from public view sparks Twitter discussions – The world’s focus is on Jack Ma’s whereabouts after reports that Alibaba’s billionaire founder and chief group were absent from public view since late October.
Startup, Funding and Venture Capital
P&G terminates plans to acquire razor startup Billy after FTC lawsuit – In December, the FTC sued P&G to block Billy’s takeover.
Indian electronics and lifestyle brand Boat raises $ 100M from Warburg Pincus – The round gave the boat a post-money valuation of approximately $ 300 million.
Diviv raises $ 165M as expense management space remains red-hot -Divisions market (corporate cards and software that help firms manage and limit expenses) are incredibly active.
Additional crisis advice and analysis
Confirm $ 38 per share target in IPO, push its valuation above $ 9B – The new S-1 follows a late-December filing of a similar nature.
8 investors discuss the biggest opportunities for social gaming – Investors expressed excitement about the broader entertainment ambitions of the social platform.
How the segment redesigned its core system to solve a major scaling crisis – The segment was introduced in 2015 when it went into a scaling problem.
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FBI, NSA says US federal agencies “likely to be Russian in origin” – The US government says hackers are “at potential Russian origin” responsible for breaking the network of at least 10 federal agencies and several major tech companies.
C gets rebranded under new ownership by GE, spreads beyond lighting – Back in May, General Electric sold over 100 of its old GE lighting division to smart home company Savant.
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